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Joined Nov 11, 2007
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ASML to Buy Cymer for $2.6 Billion to Boost Chip Technology

ASML Holding NV (ASML)Europe’s largest semiconductor equipment maker, agreed to buyCymer Inc. (CYMI) for 1.95 billion euros ($2.6 billion), its biggest deal ever, to help satisfy customer demand for more advanced technology.

Cymer investors will get 1.1502 ASML ordinary shares and $20 in cash for each stock, ASML said in a statement. That’s 72 percent more than Cymer’s close at $47.83 in New York yesterday. ASML shares fell as much as 5.6 percent today after the Veldhoven, Netherlands-based company said second-half sales will be at the lower end of the previous guidance of 2.2 billion euros to 2.4 billion euros.”

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